USA
VC investment
Venture capital in the USA reached $235 billion in 2022, a 35% drop relative to 2021.However, the investment rate has been fairly consistent over the last ten years when we exclude 2021.
Major metropolitan areas such as the Bay Area, Greater Boston, and New York City continue to make up much of the venture capital investment activity, driving roughly half of total investment in 2022.
By Stage
Startup
The below carousel showcases early stage VC investment into US startups over the past decade in an annual and quarterly overview.
Breakout
The below carousel showcases breakout stage VC investment into US startups over the past decade in an annual and quarterly overview.
Scaleup
The below carousel showcases scaleup/late stage VC investment into US startups over the past decade in an annual and quarterly overview.
States
The rise of new emerging states in terms of venture capital activity include Wyoming, Vermont, and Michigan to note a few. Activity has mainly been focused on the North Western region and scattered parts in Eastern regions of the US.
Unicorns
In the last four years, unicorn hotspots have included states such as Florida, Texas, and New York. Will these states continue this trend of unicorn growth? We will see this in the coming decade.
Top cities
Metro areas throughout the US have doubled at minimum in investment growth over the past five years. The top three cities that experienced the most growth in just the past year include Jacksonville, Richmond, and Santa Barbara.
A general trend of more recent growth can be seen in a majority of cities over the past two years however, this seems to be slowing as only ten US cities experienced an increase in venture capital investment from 2021 to 2022.
Emerging cities
Early stage investment growth can be seen throughout the US with a concentration of cities within the Midwest and East Coast regions experiencing the most growth in early stage venture capital investment based on dollar amount contributed.
The top three cities with the largest percent change over the last 12 months are Milwaukee at 92%, Cleveland at 86%, and Baltimore at 64%. In dollars, Milwaukee saw an increase of $108M in investment, Cleveland saw an increase of $169M in investment, and Baltimore saw an increase of $211M in investment.
By industry
The top three US industries for venture capital investment in terms of growth over the 2021-22 period are Cloud Computing, Sports, and Semiconductors.
Compared to the year prior, we can see an overall upward trend in growth for some industries such as Sports and Semiconductors while other industries like Media, Energy, and Event Tech are experiencing a decline.
The industries with the most significant decrease in growth over the last year are Music, Education, Kids, Fashion, Transportation, and Dating. It's also worth noting that some industries such as Sports, Semiconductors, Energy, Legal, and HR Tech have grown significantly over the 2020-22 period.
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